• Journal of Labour Economics
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• v.37 no.4
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• pp.89-112
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• 2014

This paper characterizes an optimal combination of grant and income-contingent loans (ICL) from efficiency and equity points of view as a government subsidy program for higher-education. In particular, we show that it is always desirable to introduce ICL for students regardless of their household incomes, and also provide arguments for the superiority of tax-financing system to loans with risk-premium as a financing mechanism of ICL. From policy point of view, this paper suggests a need for the extended coverage of our ICL system, while justifying its current tax-financing system.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.26 no.3
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• pp.821-835
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• 2016

This study investigates the domestic and international research trends to analyze the economic effects of various information security certification systems. Results of the study can suggest future research topics for researchers, and help make rational decision-making on introducing information security management systems for practitioners.

• Korean Journal of Construction Engineering and Management
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• v.8 no.4
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• pp.73-80
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• 2007

As BTL(Build-Transfer-Lease) private investment business benchmarking PHI(Private Finance Initiative) of USA and Japan is introduces to Korea since 2005, as a part of supplying high leveled public service and early expanding required facilities for SOC, Value for Money on private investment business from treasury investment business at the beginning gets to be needed. Accordingly, this survey has been conducted in order to analyse BTL projects status, propriety of economic analysis method(VFM analysis, calculation of estimated business expenses, valuation of bidding price, etc.) by business advance phases from the viewpoint of person in charge, necessity of improvement and alternative plants. As the result of conducting cross tabulation analysis and correlation analysis by occupational group, BTL project advance phases and alternative plans for improvement, it is necessary ye prepare standardized service level against business expense and basis for calculating and evaluation operation expenses. Based on the necessity of quantitative analysis (LCC analysis) of VFM, standard for calculating management, maintenance and administration expenses is required. In addition, reliable economic valuation system considering domestic BTL environment should be setup, for business efficiency.

• Proceedings of the KIEE Conference
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• 2009.07a
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• pp.133_134
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• 2009

과거 국내 전력계통은 선진국에 비하여 주파수 품질이 현격하게 저하되어 계통운영자는 적정범위 이내로 주파수를 유지하는 것이 중요한 책무였다. 그러나, 계통수요와 계통연계의 지속적인 증가로 인하여 현행 주파수 유지율은 99.9% 수준에 근접하고 있다. 이러한 상황에서는 막대한 비용을 투자하여도 주파수 품질을 개선하기는 쉽지않다[1]. 주파수 유지율이 포화상태에 이른 주요 선진국들은 오래전부터 표준편차를 이용하여 주파수를 평가해오고 있다[2]. 따라서, 국내계통의 주파수 평가방법도 새로운 변화가 필요한 시점이다.

• The Magazine of the Society of Air-Conditioning and Refrigerating Engineers of Korea
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• v.29 no.1
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• pp.57-67
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• 2000

최근 국민소득수준의 향상을 따라 여름철 전력 수요가 폭증하므로 전력안정 공급을 위한 특별 대책이 필요한 실정이고 환경적인 측면이나 수용가 입장에서 만족스러운 새로운 냉·난방, 전기 공급시스템의 개발·적용이 필요하다. 선진국의 경우, 소규모의 집단에너지 공급이 주류를 이루고 있으며 특히 소규모 열병합 발전시 생산되는 전기, 지역난방열 이외에 냉방에 필요한 냉수를 중앙열원에서 동빌딩을 중심으로하는 구역형 집단에너지 시스템(Community Energy Supply System)등 소규모지역 난냉방 공급방식이 활성화되어 있으므로, 우리나라에서도 냉방/난방/전기부하 패턴 및 하절기 피크부하 경감에 대한 기여도 등을 고려한 경제성있는 최적시스템 구성이 가능한지 검토할 필요가 있다. 소규모 집단에너지사업은 대규모 사업과는 달리 적정 수요예측이 가능하므로 효율적인 초기 투자가 이루어질 수 있으며, 상업용 및 사업용 빌딩 등을 중심으로 부하밀도가 높은 구역을 대상으로 하명서 해당 부하패턴에 적합한 효율적인 시스템의 구성을 통해 수익성이 확보된다면 국가 에너지절약 및 한전의 여름철 전력 피크부하 경감, 대기 환경공해 감소, 도심 도시미관 향상 등의 사업효과가 기대된다. 본문에서는 이러한 소규모 집단에너지시스템 개요 및 국내외 공급 현황, 국내 적용환경, 적용 가능에너지 검토 열원시스템의 기본방향 등에 대하여 언급하고자 한다.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.25 no.1
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• pp.211-224
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• 2015

Financial companies have invested a lot in their disaster recovery system and exercised training more than once a year to comply related laws and regulations. But massive PCs(Personal Computers) became disrupted simultaneously and it took a lot of time to recover massive PCs concurrently when March 20 cyber attack occurred. So, it was impossible to meet the tartgeted business continuity level. It was because the importance of PC recovery was neglected compared to other disaster recovery areas. This study suggests the measure to recover massive branch terminal PCs of financial companies simultaneously in cost-effective way utilizing the existing technology and tests recovery time. It means that in the event of disaster financial companies could recover branch terminal PCs in 3 hours which is recommended recovery time by regulatory body. Other financial companies operating similar type and volume of branches would refer to the recovery structure and method proposed by this study.

• The Korean Journal of Financial Management
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• v.10 no.1
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• pp.249-280
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• 1993

Recent financial theory views insurance policies as financial instruments that are traded in markets and whose prices reflect the forces of supply and demand. This article analyzes individual's insurance purchasing behavior along with capital market investment activities, which will provide a more realistic look at the tradeoff between insurance and investment in the individual's budget constraint. It is shown that the financial economic concept of insurance cost should reflect the opportunity cost of insurance premium. The author demonstrates the importance of riskless and risky financial assets in reaching an equilibrium insurance premium. In addition, the paper also investigates how the investment income could affect the four established theorems on traditional insurance literature. At the present time in Korea, the price deregulation is being debated as the most important current issue in insurance industry. In view of the results of this paper, insurance companies should recognize investment income in pricing their coverage if insurance prices are deregulated. Otherwise. price competition may force insurance companies to restrict coverage or to leave the market.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.1
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• pp.515-524
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• 2014

In this paper, The investment prioritization model was investigated for keeping the service level of mooring facilities more than the target level of management with a limited budget in the right time. Network level prioritization criteria of the national scale was developed to take into criteria index and quantitative evaluation, management authority's opinion. Delphi method was conducted maintenance exports of mooring facilities over twice for verifying the validity and adequacy. In order to improve the objectivity of criteria, the criteria for evaluating the utilization of port facilities is presented form yearly facility traffic/facility's length, the result of the analysis of facility traffic data. The investment prioritization criteria of mooring facilities is expected to be utilized for more efficient and national budget distribution applied to the maintenance budget plan of nationwide.

• Korean Business Review
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• v.15
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• pp.99-114
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• 2002

Recently several business models concerning e-Business has been introduced. But the different environment for each business requires the business model which is contingent to its specific situation. We, therefore, need to develop the e-Business models considering environment factors such as capital size, technology level, collection ability and amount of information, profit or target customers, etc. There can be several ways to create the value of an e-Business firm. A way among them is to develop limited area by focusing on core parts of the firm. This way leads for the firm to search the investment priority in order to solve the problem, which is to set a proper production and investment level for concentrating on competitively excellent areas of the firm. In this paper, we propose a method to decide the investment priority effectively when making a decision using fuzzy information. The method by our model is to minimize tolerances of given business fuzzy goals.

• Journal of Environmental Policy
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• v.12 no.4
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• pp.71-92
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• 2013

Unlike general public investment projects, when it comes to environmental public investment projects, there is a gap between those who pay the costs, and those who receive the benefits. This is because of the long term nature of environmental investments, which entails that the majority of the costs are paid by the current generation, while the benefits are reaped by future generations. Because of this, when the social discount rate is set at a standard, singular rate, an issue of relative underestimation of the benefits reaped by future generations may occur during the analytic process. This paper begins with the recognition of this problem, and attempts to estimate a suitable social discount rate that can be applied to environmental investment projects. Taking into account recent economic situations, the social discount rate is currently being estimated at between 2.9 ~ 4.9%. Also, this paper used preliminary feasibility studies that took place so far, to analyze the standard pattern of benefit generation. This revealed that alterations in social discount rates can bring significant changes in economic feasibility test results. Simulation results showed that roughly 6% of B/C ratios could be increased by 1%p. resulting in a decrease in social discount rates. Also if we use hyperbolic discount rates, instead of using the current singular rate, there would be a meaningful increase in the benefits for the future generation.